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Turkey’s central bank keeps interest rates steady

by ChemOrbis Editorial Team - content@chemorbis.com
  • 18/08/2015 (14:46)
Turkey’s central bank kept its benchmark interest rate stable on August 18, according to media reports. The bank kept the one-week repo rate at 7.50% in order to maintain a cautious stance amidst political uncertainty. According to a survey conducted by Reuters, the move was mostly in line with economists’ expectations.

The overnight borrowing rate was kept unchanged at 7.25%, while the lending rate remained at 10.75%. The primary dealers’ overnight borrowing rate, meanwhile, remained unchanged at 10.25%.
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